Lead – Operational Risk

Neom; Neom; On-site; USD 35,000 - 60,000; Full time

Job summary

NEOM seeks a Lead for Operational Risk to guide the implementation of a comprehensive ERM framework. The role involves strategizing, monitoring risk management practices, and fostering collaboration across departments to ensure corporate resilience and compliance with standards. Ideal candidates will possess strong leadership skills, a thorough understanding of risk management, and relevant professional qualifications.

Qualifications

• 5+ years in internal controls or risk management.
• Experience with ERM processes.
• Knowledge of COSO / COBIT standards.

Responsibilities

• Implement ERM framework across NEOM.
• Develop risk management strategies and policies.
• Engage with Senior Management on risk issues.

Skills

Risk Assessment

Interpersonal Skills

Problem Solving

Critical Thinking

Education

Bachelor’s degree in Business Administration, Finance, Accounting, or related field

Tools

GRC software

Advanced Excel

SAP

Job description

Job ID: 14075

Sector:

Governance, Risk & Compliance

Location: NEOM, Saudi Arabia

NEOM is an accelerator of human progress and a vision of what a new future might look like. A region in northwest Saudi Arabia on the Red Sea, NEOM is being built from the ground up to include hyperconnected, cognitive cities, ports, next-generation infrastructure and industries, enterprise zones, research centers, sports and entertainment venues and tourist destinations.

As a destination, it will be a home for people who dream big and want to be part of building a new model for exceptional livability, creating thriving businesses and reinventing environmental conservation.

As a workplace, it is a place for people who share our core values of care, curiosity, diversity, passion, respect, and becoming a catalyst for change.

Are you ready to help NEOM find solutions to the world’s most pressing challenges? Are you prepared to create a lasting legacythatbenefits generations to come? Then we want to hear from you!

Role Overview

Lead – Operational Risk will Support Senior Manager / Manager Operational Risk in the implementation of ERM Framework across NEOM and deliver risk management leadership across NEOM, and provide technical and project management assistance on all risk management activities

Key Responsibilities

Planning, Strategy, Implementation and continuous monitoring/improvement

• Work with Senior Management to define appropriate role of Risk Management in the organization.
• Assist in developing ERM strategies, objectives, processes, policies and procedures.
• Facilitate periodic enterprise-wide risk assessment exercise/ workshops.
• Ensure risk treatment action planning and track progress.
• Identify risk issues that impact the NEOM company wide.
• Responsible for assisting and as needed, leading the development and implementation of risk-related initiatives and risk sensing/risk awareness programs.
• Create reports, summaries, presentations, and process documents to display results.
• Support in the implementation/ enhancement of risk management technology tools (including the GRC solution).
• Periodically review risk policies, procedures, reporting templates and framework to ensure everything is up to date.

Relationship Management

• Engage and develop effective working relationships with teams within GRC as well as various other departments and sectors (Energy and Water, Procurement, Marketing, IT, etc.) to ensure alignment risk management matters and issues.
• Collaborate with the team to develop and implement ongoing risk reporting to the Chief Risk Officer, other executive management, and Internal Audit.
• Partner with Business Continuity/ resilience team to support assessment of risk to business line processes and continuity plans, developing mitigation actions as needed.
• Monitor and report the progress of Mitigation Action Plans.
• Proactively engage the GRC Leads to monitor & report the risks, build tools & processes, drive risk informed decision making and enhance risk informed execution.
• Analyze management information to identify potential risks areas, plan, and support enterprise risk reviews.
• Issue accurate and timely reports identifying risk areas, making recommendations for improvement, and working with the business units until agreed actions are complete.
• Facilitate sharing of risk management best practice across the organization

Culture and Values

• Embrace NEOM’s culture and Values https://www.neom.com/en-us/about.
• Act with honesty and integrity by following best practices, and upholding the robust standards and expectations set out in NEOM’s Code of Conduct.
• Maintain fair, ethical and professional work practices in accordance with NEOM’s Values and Code of Conduct.
• Adhere to NEOM’s Policies, procedures, and controls to ensure compliance with rules.

EXPERIENCE & QUALIFICATIONS

Knowledge, Skills and Experience

• 5+ years of working experience in internal controls, risk management, consulting, or / and compliance field in a multi-faceted organization or a professional services firm with 1+ years developing/ operating an ERM process and/ or in a broad risk management/ strategic consulting role for Executive and Senior Management.
• Good understanding of ERM and internal control frameworks, risk assessment, and compliance standards such as COSO / COBIT.
• Strategic/ enterprise wide/ collaborative (rather than compliance) mindset.
• Excellent interpersonal skills to “win hearts and minds”; and communicate complex issues in a simple way to management, executives and the Audit Committee and Board.
• “Facilitator” – able to organize, facilitate running and delivering quality output from risk workshops.
• Ability to work in a continuously changing environment; and meet tight deadlines. Detailed/ results oriented. Problem solving/critical thinking.
• Willing to learn risk quantification (to check validity of business plans/ key assumptions e.g. scenario planning/Monte Carlo simulation).
• NEOM sector/ industry experience (e.g. Capital Projects, Technology, Energy, Leisure).
• User-level understanding and exeperience in GRC, audit and risk management software/tools such as Enablon, Bwise, TeamMate, or similar.
• Advanced Excel, Word, PowerPoint, Visio. SAP knowledge an advantage.
• Willing to learn project management and document recording/ retention.
• Advanced communication and report writing skills

Qualifications

• Bachelor’s degree in Business Administration, Finance, Accounting, or a related field from an accredited university. A postgraduate degree would be an advantage.
• Additional internationally recognized relevant professional qualifications such as CRMA, CIA, CISA, or CFE are highly desirable

NEOM is committed to attracting and retaining the highest caliber of employees to support NEOM’s vision, mission and strategy. NEOM sources the best candidates based on fit for the role and searches local and global markets to identify talent.

NEOM is an equal opportunities employer. All qualified applicants will receive consideration for employment without regard to gender, disability, age, or any other form of discrimination/other characteristic protected by applicable local laws, regulations and ordinances.

As part of our recruitment process, NEOM will undertake reference checks to confirm suitability for the role. All offers of employment are subject to references, evidence of all qualifications and awards, and other background checks being satisfactorily completed. Additionally, all offers are subject to the candidate being able to successfully obtain a work visa to enter and work in the Kingdom of Saudi Arabia.

This job description is not an exhaustive list of duties and responsibilities. The employee may be required to perform additional job-related tasks and duties as assigned. To meet NEOM’s objectives and business needs, the work location is subject to change. Non office-based roles involve outdoor activities. Candidates should be prepared to work outdoors and on construction sites as part of their job responsibilities.

NEOM uses artificial intelligence as part of its recruitment process to assist and enhance efficiency. However, all final hiring decisions are made by human recruiters, ensuring that NEOM’s employment process remains fair and transparent.

The actions of our team should always support the NEOM Values

Learn more about NEOM’s Values